"XRP surpassed $2, SEC policies are softening."

Reasons for the Rise in XRP

XRP has increased by 8% by surpassing the $2 level for the first time since mid-December. This rise was supported by steady ETF inflows and a positive regulatory outlook in the United States.

On January 1, there was an inflow of $13.59 million into spot XRP ETFs in the United States, bringing the total to $1.18 billion. These positive developments boosted investor confidence.

Changes at the SEC and Cryptocurrency Policies

Additionally, the departure of SEC Commissioner Caroline Crenshaw has been interpreted as potentially paving the way for more crypto-friendly policies. This change could have a significant impact on the cryptocurrency world.